It sets provisions for business data secrecy applying to companies in full or majority state ownership and tightens restrictions on the release of information included in contracts concluded by publicly owned companies.

The law classifies for a period of 30 years business, financial of technical data related to the operation of a nuclear facility or the transportation of nuclear fuels.

It similarly classifies data pertaining to the quantity, price or capacity fixed in electricity and gas trading contracts for the same period of time.

The release of sales data for electricity and thermal energy as well as related internal regulatory documents and data on gas trade deals and contracted gas storage capacity can be restricted for a period of 15 years.

The package was approved with 125 votes in favour, 41 against and 24 abstentions.

Republished with permission of Hungary Matters, MTI’s daily newsletter.